Springfield (Mo.) Police Officers' & Firefighters' Retirement System made two new private credit commitments totaling $40 million.
The $469 million pension fund's board on Oct. 8 approved commitments of $20 million each to Entrust Global Recovery Fund and Marathon Distressed Credit Fund, managed by Marathon Asset Management, said Janell Manley, administrative director.
As of June 30, the system's actual allocation to alternatives was 20.2%.
Investment consultant Segal Marco Advisors assisted.